Logistea increases its property portfolio and has today entered into agreement regarding the acquisition of a property in Falun. The property Främby 1:33 is located in central Falun close to E16. Closing of the transaction is expected to take place on 22 March 2024.

The Property has a total lettable area of approximately 42,500 sq.m. The tenant is NKT (Sweden) AB which leases all areas within the property through a triple-net lease agreement with lease term until 2037-09-30. The annual rental income amounts to approximately MSEK 24.2 (excluding rent supplements and property tax).

“We continue to grow further by acquiring a property with very good earning capacity via a long-term lease agreement with a financially stable tenant, whom we already have a very good cooperation within our existing property portfolio,” said Anders Nordvall, Deputy CEO and Head of Transactions, Logistea.

The transaction is financed through a bank loan and own funds.

After the acquisition Logistea’s property portfolio amounts to approximately SEK 5.85 billion and the remaining average lease term amounts to 8.1 years.